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News Corporation Announces US$1 Billion Stock Buy-Back Program

Story Highlights
  • News Corporation is a diversified media company offering content across various platforms.
  • The company plans a US$1 billion buy-back of its Nasdaq-listed stock to boost shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
News Corporation Announces US$1 Billion Stock Buy-Back Program

The latest update is out from News Corporation Shs B Chess Depository Interests repr 1 Sh ( (AU:NWS) ).

News Corporation has announced a buy-back program for its Nasdaq-listed Class A and Class B common stock, with a total value of up to US$1 billion. This strategic move, subject to market conditions and stock prices, aims to enhance shareholder value and reflects the company’s confidence in its financial position and future prospects.

More about News Corporation Shs B Chess Depository Interests repr 1 Sh

News Corporation is a diversified media and information services company, primarily engaged in the creation and distribution of authoritative and engaging content across various platforms. The company operates in industries such as news and information services, book publishing, digital real estate services, and subscription video services, with a focus on providing high-quality content to a global audience.

YTD Price Performance: 0.73%

Average Trading Volume: 171,708

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$25.45B

See more insights into NWS stock on TipRanks’ Stock Analysis page.

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